Impact of VSU
The post-Voluntary Student Unionism (VSU) period contained significant financial difficulties for the AUU. Previously funded by compulsory fees paid by all students, the introduction of voluntary unionism resulted in a sharp drop in income for the AUU. This resulted in grave financial difficulties. In late 2007 the AUU handed control of Union House and the vast majority of the Union's commercial services to the University of Adelaide. This was in return for the University agreeing to fund the AUU for a period of ten years. The University of Adelaide paid $1.2 million to the AUU in the first year of this funding agreement, with future funding to be determined on a year to year basis. This gives the University final control over the size of the AUU budget in any given year.
The AUU retains ownership of Unibooks, its not-for-profit bookstore.
Financial membership, the price of which was slashed to $20 in 2008, has been slowly recovering since the post-VSU drop.
Read more about this topic: Adelaide University Union
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